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The Standard e-Paper
Kenya's Bold Newspaper
The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
Nairobi: Uchumi Supermarkets said on Friday it planned to sell and lease back two properties in the Kenyan capital to help raise capital, the latest move in a turnaround plan.
"The sale of the properties is driven primarily by Uchumi's need to dispose of non-revenue generating assets so as to raise inexpensive working capital," it said, citing a board decision.
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